Setting a score goal is the first step in your plan to get your credit score to an “acceptable” level for not just your first time home buyer loan, but for the financial freedom having a strong credit score brings.
“Acceptable” is determined by the first time home buyer loan/down payment assistance program you and your family will be using. There isn’t a hard and fast number that applies to all programs (in fact some don’t have a minimum score) but you should shoot for a minimum of 640.
Check out this video from Linda Ferrari, a national credit score expert. It’s Step 1 on the path to a better credit score and then to homeownership.
Click here if you would like us to set up a FREE consultation with a credit repair expert to help you with your credit score goal.
Other videos in this series
Fighting the monster under your bed
Getting started on the path to homeownership
The best kept secrets to managing your credit scores
